RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%

Leading Digital Marketing Experts</strong | 1300 235 433 | Aggregation Enquires Welcome | Book Appointment

Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.39% (6.59%*) • Fixed: 5.39% (6.59%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.69% (6.48%*) • Investment PI: 5.39% (6.59%*)

Video Archive

1.15 – Bank of Melbourne Car Loan Customer Testifies at the Banking Royal Commission

Views 136 Likes 0 Dislikes 0 Published December 28, 2020, 12:02 pm

Nalini Thiruvangadam, a casually employed single mother-of-two, gives evidence about a car loan she took out with Bank of Melbourne (a Westpac subsidiary), including how the car dealer jacked up the interest rate above the minimum rate to receive a higher payment from the bank through an arrangement known as flex commissions. Recorded on 21 March 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Belief has archived all data made available by the Banking Royal Commission with information available on our blog, in Yabber, or via the BRC API.

Watch on YouTube

■ ■ ■

Download our complimentary 650-page guide on marketing for mortgage brokers. We'll show you exactly how we generate billions in volume for our clients.

Timezone: 1 · [ CHANGE ]

Want a No Obligation Discussion?

Like this article?

Martin Khoury

Martin is the Managing Director of BeliefMedia Pty Limited, and Australia's leading Finance Marketing Specialist. He is supported by a team of Australia's finest. Read more about Marty here.

General Enquires: 1300 235 433 • Support: (02) 8765 8887

The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. [ Example Credit Guide Link ]

BeliefMedia Pty Limited

Video Archive

1.15 – Bank of Melbourne Car Loan Customer Testifies at the Banking Royal Commission

Like this article?

Martin Khoury

Leave a comment